Important conditions for the progress of bitcoin - page 8.

deisik

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Quote from: Oceat on March 31, 2019, 01:09:44 PM

Quote from: goaldigger on March 30, 2019, 11:22:50 PM

If the government supports bitcoin and other cryptocurrency then all the good things will follow. It should always start from the very core of the country that it should not be banned at first. This follows the entrepreneur who uses it as a mode of payment then our dreams will all be comd true.

The government may control most of us from feeding us with lies but not everyone would swallow those lies.
It doesn't matter if the government banned some cryptocurrency since it is still available worldwide. Besides, there are merchants around the world that would accept every transactions from different location of the country

I strongly second this view

As one wise bro once said (rumored to be Abraham Lincoln), you can fool all the people some of the time and some of the people all the time, but you cannot fool all the people all the time. The point is that the truth will inevitably become known in due course just like the power of crypto will be revealed to common people in the end (I'm not preaching). So we should skillfully and subtly take advantage of the forces directed against us by the government and turn globalisation (which is one of the ways to enslave folks around the globe) against that government

Oceat

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Quote from: goaldigger on March 30, 2019, 11:22:50 PM

Quote from: akihikohideaki on January 16, 2019, 10:30:18 PM

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

If the government supports bitcoin and other cryptocurrency then all the good things will follow. It should always start from the very core of the country that it should not be banned at first. This follows the entrepreneur who uses it as a mode of payment then our dreams will all be comd true.

The government may control most of us from feeding us with lies but not everyone would swallow those lies.
It doesn't matter if the government banned some cryptocurrency since it is still available worldwide. Besides, there are merchants around the world that would accept every transactions from different location of the country.

sheenshane

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Quote from: okala on March 31, 2019, 10:36:21 AM

My contradiction is that in the cryptocurrency industry we don't have a government regulated exchange at the moment because no country have publicly come out to pledge it support for cryptocurrency because they see it as volatile and not stable for consumption.

Really?
There are a lot of factors that affect the economic stability and growth of the bitcoin. There are also so a lot of matters we need to accept and we have to lessen our expectations of it. As of today, Bitcoin is at its bear market condition as the former bitcoin investors were fooled by the Hyip schemes and already thought that bitcoin is a scam because they did not even study it.

In my country, if you ask a person about bitcoin, young or old, different professions, what they will tell you is that bitcoin is an investment scheme and this is very disappointing. It affects the growth of the currency and we have to consider it.

okala

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My contradiction is that in the cryptocurrency industry we don't have a government regulated exchange at the moment because no country have publicly come out to pledge it support for cryptocurrency because they see it as volatile and not stable for consumption.

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Quote from: akihikohideaki on January 16, 2019, 10:30:18 PM

~snip~

The history of the bitcoin is repeated, and before you write something like this perhaps it would not be bad to devote a little time to research some facts. Expectations for the vast majority of those who have invested during 2017 & 2018 are completely unrealistic, because they look at things only short-term. When we looking at the history of bitcoin price movement it is very easy to see that today's situation has already existed, with only one difference, and that is the price.

In 2011 price is go down from 29$ to only 2$, and in 2012 from 16$ to 7$. If we look further there was 74% drop in 2013 (259$ -> 68$) and then up to 1100$ in the same year. What we have now is just one more event which has its beginning, duration and ending.

Regarding regulation, exchanges and governments, only thing that is important that exchanges need to become as secure as possible. Some of them do not do enough for that, so governments have to force them in some way to work on that. This can be seen in the example of Japan which has very strict rules when it comes to security, even some will say this is not good thing.

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Quote from: mrdeposit on March 31, 2019, 08:08:32 AM

Quote from: tonyja2017 on March 31, 2019, 02:11:33 AM

We always need a big community to increase the price of BTC. that is obvious but how to call true investors is important.
For the crypto market to grow, blockchain technology needs to be further improved to serve more in the future.
That will create a momentum for many investors to participate in the crypto market.

More people means more opinion. So, the price will increase, but I guess it will be difficult to be like in 2017. in 2017, many people invested money without knowing what it was, and today the situation is very different.

right, now people will think more realistically to see the development of bitcoin. therefore bitcoin can develop like 2017 if there is a lot of big news supporting it. but now I think bitcoin is at its turning point, because social media like whatsapp has facilitated its program with bitcoin, of course this is a good promotion

mrdeposit

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Quote from: tonyja2017 on March 31, 2019, 02:11:33 AM

We always need a big community to increase the price of BTC. that is obvious but how to call true investors is important.
For the crypto market to grow, blockchain technology needs to be further improved to serve more in the future.
That will create a momentum for many investors to participate in the crypto market.

More people means more opinion. So, the price will increase, but I guess it will be difficult to be like in 2017. in 2017, many people invested money without knowing what it was, and today the situation is very different.

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Quote from: tonyja2017 on March 31, 2019, 02:11:33 AM

We always need a big community to increase the price of BTC. that is obvious but how to call true investors is important.
For the crypto market to grow, blockchain technology needs to be further improved to serve more in the future.
That will create a momentum for many investors to participate in the crypto market.

We will see a momentum soon, and even the momentum was happening right now as bitcoin price is still on a low price, it will attract more people to come to bitcoin. The exchanger? The government will approve the exchanger, and they will get regulated so that everything will work well in the future. Perhaps, it will not happen in a short time, but I am sure it will happen soon.

The blockchain technology itself still develop and improve to better so it could cover every problem that we might see later so it will be a solver from many problems that we already saw. But as I said before, we only need to wait for the right time before everything will running smooth. Yes, we need to keep support bitcoin from now on.

tonyja2017

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We always need a big community to increase the price of BTC. that is obvious but how to call true investors is important.
For the crypto market to grow, blockchain technology needs to be further improved to serve more in the future.
That will create a momentum for many investors to participate in the crypto market.

Reid

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Official exchanger?
Hmm. That will will be centralized of course.
I dont think there will be one that will be voted by each country to be a global exchange. Simple. They want to have control with it.
They want to know who will be making transactions in and out. Specially when we are talking about large quantities right?
It will be a problem which is difficult to solve. It is like looking for world peace.

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Quote from: akihikohideaki on January 16, 2019, 10:30:18 PM

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

I differ in some statements, such as that bitcoin can not repeat the story, if we see it from the point of view of technical analysis, if it can repeat the story, also according to the Wyckoff philosophy, the market is in the accumulation stage, equal to the What happened in 2014 and lasted until 2017, under which is met: Accumulation Phase, Bullish Tendency Phase and Distribution Phase.

The market is driven by speculators, investors, enthusiasts, strong hands, and not all have a lot of money like strong hands, if they decide to drop or knock down the price they can do it, everything can happen, there is nothing written, and in Crypto volatility can be a double-edged sword.

goaldigger

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Quote from: akihikohideaki on January 16, 2019, 10:30:18 PM

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

If the government supports bitcoin and other cryptocurrency then all the good things will follow. It should always start from the very core of the country that it should not be banned at first. This follows the entrepreneur who uses it as a mode of payment then our dreams will all be comd true.

gowobonyok

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those are all things that are most expected to make bitcoin survive and develop better. and also, bitcoin must begin to have economic value and can be used for transactions in everyday life.

cellard

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Quote from: bettercrypto on January 17, 2019, 06:08:12 PM

Quote from: cellard on January 16, 2019, 10:52:47 PM

Quote from: akihikohideaki on January 16, 2019, 10:30:18 PM

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

The point of Bitcoin is that it doesn't need to be recognized by anyone and the only regulation is the rules within the code. If it was any other way, it's value would be 0. Thankfully it isn't the case.

I think government recognition is still needed by bitcoin for it to be fully useful in every part of the world. Until most of the governments in the world are banning bitcoin, it will be having a hard time to reach the road to adaption. No technology will prosper fully will grow without government backing up. This is the reality.

But once again, it's deluded to think that all governments are going to support Bitcoin, this is factually impossible at any rate for obvious reasons. Due game theory dynamics, it's always going to be X being friendly while Y being negative and if anything a third option in between.

Also when people here say "government" they don't specify which government. Anyway this is a non-issue as I said before, there's going to governments interested in Bitcoin due its unique properties, not necessarily having to do with how fast it.

bettercrypto

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Quote from: cellard on January 16, 2019, 10:52:47 PM

Quote from: akihikohideaki on January 16, 2019, 10:30:18 PM

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

The point of Bitcoin is that it doesn't need to be recognized by anyone and the only regulation is the rules within the code. If it was any other way, it's value would be 0. Thankfully it isn't the case.

I think government recognition is still needed by bitcoin for it to be fully useful in every part of the world. Until most of the governments in the world are banning bitcoin, it will be having a hard time to reach the road to adaption. No technology will prosper fully will grow without government backing up. This is the reality.

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Quote from: akihikohideaki on January 16, 2019, 10:30:18 PM

-snip-
First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country.
-snip-

First of all, we do not need regulation for bitcoin/cryptocurrencies to be recognized. Regulation would just bring more chaos to the current system. It will some what end up making the currency more centralized system. Although, a light and not so strict regulation might do good.
You second point is also a bit problematic. We do not want the government to be involved in these kind of system.

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Quote from: akihikohideaki on January 16, 2019, 10:30:18 PM

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

These issues have already existed in recent years and I do not think being unpredictable is related to regulation. Also there is no news about it, only the SEC's decision and IMO, only effect was that the price remained constant at some time intervals.

Quote from: akihikohideaki on January 16, 2019, 10:30:18 PM

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Are the governments not exposed to cyber attack? So far there have been so many hackers who have hacked government essential files.
I am not in positive opinion about whether investors will take this risk in the present situation.

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Quote from: akihikohideaki on January 16, 2019, 10:30:18 PM

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

The bitcoin already got enough recognition but the knowledge behind is not known for many,they just think bitcoin is the money for hackers and technology experts and its not possible to use by common people but they need to be taught even minimal technological knowledge will let anyone to use it.

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Quote from: dothebeats on January 17, 2019, 01:59:13 PM

I don't understand why people believe that regulation is a necessity for bitcoin to thrive. Even without regulation, bitcoin can still function as a currency as long as people believe in its value. Regulations only became necessary when speculation goes through the roof, and serious influx of cash is happening within the ecosystem. Also, we don't need a central exchange as it will be prone and susceptible to a lot of hacks, which isn't pretty for those who trade on the regular and use the said exchange. Centralization isn't always the answer, as bitcoin had been doing fine and dandy even without regulations years ago

I can't say that I strongly believe in that myself but let's say that regulation will make the life of many bitcoiners a lot easier. Without proper regulation, you are going see a lot of scams springing up here and there (as is the case). Well, they are springing up anyway, but in a wisely regulated market, scammers won't feel at ease. It is likely the major reason why we need regulation. Other than that, personally, I don't see a lot of damage in runaway speculation as long as it doesn't lead to runaway exchanges

And years ago Bitcoin was virtually unknown to wider public, but times are different now

dothebeats

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I don't understand why people believe that regulation is a necessity for bitcoin to thrive. Even without regulation, bitcoin can still function as a currency as long as people believe in its value. Regulations only became necessary when speculation goes through the roof, and serious influx of cash is happening within the ecosystem. Also, we don't need a central exchange as it will be prone and susceptible to a lot of hacks, which isn't pretty for those who trade on the regular and use the said exchange. Centralization isn't always the answer, as bitcoin had been doing fine and dandy even without regulations years ago.

Topic: Important conditions for the progress of bitcoin - page 8. (Read 1324 times)